SME news and archive

Cynergy Bank announces Asset Based Lending to SME businesses

Cynergy Bank has launched an Asset Based Lending offering for SME businesses that want to scale up and grow following the pandemic, alongside the appointment of a new team. The bank, established in 2018 by entrepreneurs to serve the needs of business owners, property entrepreneurs and family businesses, is looking to provide small to medium...

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Business

Klarna launches SME support package and accelerator

Swedish payments provider Klarna, known for its ‘buy now, pay later’ services, has launched a 3 million pound small business support package and accelerator programme to help British SMEs recover from the pandemic. The Support Package will provide 100 retail SMEs with access to support across different elements of their business, from office...

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Business

SMEs worry they won’t survive another lockdown

Almost one-fifth of SMEs don’t think they’d survive another lockdown and would be forced to stop trading permanently if one came into effect, according to a new report by small business insurer Simply Business. The study spoke to more than 500 SME owners across the UK and also found that a third (32 percent) feel they’d be impacted worse than...

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Business

Sky announces a 1 million pound SME support fund

Sky Media, the advertising sales arm of TV company Sky, has launched a 1 million pound fund with its AdSmart SME support scheme, SME100, which will provide help to 100 businesses across the UK with TV ad campaigns to support them during the pandemic. SME100 is open to SMEs that have been running for at least one year in the UK with up to 50...

Retail

Online SME retailers embracing flexible payments

Online SME retailers in the UK are becoming increasingly open to new technologies and innovation to help drive growth over the next year, with 49 percent stating that they plan to invest in flexible payment options over the next 12 months. The new research, from global payments provider Klarna, conducted with 100 UK SME decision-makers found...

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Retail

UK SME e-retailers reveal growing business confidence for 2016

Eight out of ten small to medium-sized online retailers have stated in new research that they are “confident” that they will increase sales in 2016. The Royal Mail’s annual tracker study, which looks into the expectations and ambitions of SME e-tailers, reveals a growing business confidence from last year when seven out of ten online retailers...

Retail

'No-cation' for small retailers

Around 75 percent of small business owners in the retail sector don’t feel they have enough of a work-life balance to take a holiday, according to new research by payment processing company, Worldpay. The report ‘No-cation,’ which surveyed 500 SMEs revealed that more than one in five small retailers haven’t had more than a week off in over three...

Retail

UK SME online retailers confident about international growth

Confidence is growing among UK SME online retailers that they can grow international sales, a study by Royal Mail has found, with two third of SME’s stating that they are aiming to increase international sales in 2015. The increased confidence is up two thirds on a year ago when just 39 percent said they were planning to increase overseas sales...

Design

Royal Mail begins trialling Sunday openings and deliveries this weekend

Royal Mail is preparing to launch its Sunday opening pilot this weekend,where 100 of its delivery offices across the UK will be open. Currently, Royal Mail's network of 1,400 delivery offices are open six days a week, with the trial extending the opening of selected offices to seven days a week. In addition, 1,600 Post Office branches will now...